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The latest update is out from Hollywood Bowl ( (GB:BOWL) ).
Hollywood Bowl Group plc has announced the purchase of 32,133 of its ordinary shares as part of a buyback program, with plans to cancel these shares. This move is likely aimed at optimizing the company’s capital structure and could positively impact shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:BOWL) stock is a Buy with a £3.84 price target. To see the full list of analyst forecasts on Hollywood Bowl stock, see the GB:BOWL Stock Forecast page.
Spark’s Take on GB:BOWL Stock
According to Spark, TipRanks’ AI Analyst, GB:BOWL is a Outperform.
Hollywood Bowl’s strong financial performance and strategic share buybacks are significant positives, offset by bearish technical indicators. The high dividend yield suggests potential data issues or unique payouts. Overall, the company is well-positioned but faces challenges in cost management and free cash flow generation.
To see Spark’s full report on GB:BOWL stock, click here.
More about Hollywood Bowl
Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing on providing entertainment and leisure services through its bowling centers.
Average Trading Volume: 1,143,182
Technical Sentiment Signal: Hold
Current Market Cap: £416.8M
Find detailed analytics on BOWL stock on TipRanks’ Stock Analysis page.